$5,816,300 USD
404-504-7900
HIGHLIGHTS
- Outparcel to the 78,241 SF Cornerstone at Lake Hart shopping center, anchored by Publix.
- Located less than 12 miles southeast of downtown Orlando.
- Investors benefit from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
- By visits, this Orlando location ranks among the top 4% of 7-Eleven stores nationwide, the top 12% throughout Florida, and top 13% within 15 miles.
- The property is within the Lake Nona—one of the fastest-growing and most innovative communities in America.
- Robust population growth with a 2020-2024 annual growth rate of 4.72% and a projected 7.86% annual growth rate for the 2024-2029 period.
OVERVIEW
CBRE is pleased to exclusively offer for sale the 5,000 square-foot 7-Eleven on 1.25 acres in Orlando, FL (MSA population: 2.83M). After previously executing its first 5-year renewal option, 7-Eleven recently agreed to an early 15-year lease extension. Notably, this extension was secured without any rent concessions, demonstrating 7-Eleven's commitment to the location. The lease currently features ±15.5 years of term remaining with a 10% rent increase in 2031, 2036 and in each of the three, 5-year renewal options.
FOR SALE DETAILS
PRICE
$5,816,300 USD
PRICE/SF
$1,163 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven: Orlando, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.25 AC
LAND SF
54,450 SF
ZONING
P-D
APN/PARCEL ID
08-2431-1602-00-020
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404-504-7900
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404-504-7900
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